RIL May gap down 3-4% at open

Posted on:
Key Points

The stock of RIL could gap down by 3-4% at the open, with the GDR having fallen almost 6% to $62.7 post the results Friday..

Prior to the results , a huge buildup was seen on the F&O counter..

RIL was the most active stock on the F&O counter on Friday prior to the release of the results..

Another pointer of heightened volatility on the counter is the massive covering of positions at the 2,600 active strike by bullish put sellers..

Added to this is the selling of in-the-money active calls at 2,540-2,560 which shows that bearish calls as writers are confident that the stock will not rise or will fall, enabling them to pocket the premiums (price) paid by the call buyers..

Full story at mint | 

You might be interested in

Day trading guide for stock market today: Five stocks to buy or sell on Tuesday — 7th November

07, Nov, 23

Day trading stocks: Market experts have recommended five stocks to buy today — COLPAL, LT, Hero Motocorp, Lemon Tree Hotels and Exide Industries

Read at mint Key Points

Stock market today: Day trading guide for Nifty 50 to Sensex; six stocks to buy or sell today — 11th March

11, Mar, 24

Stocks to buy today: Experts have recommended six day trading stocks for today — Zensar Tech, Blue Star, Hero Motocorp, Raymond, Tata Power, and Chambal Fertilisers

Read at mint Key Points

Day trading guide for stock market today: Five stocks to buy or sell on Thursday — 21st December

21, Dec, 23

Day trading stocks: Market experts have recommended five stocks to buy or sell today — AU Small Finance Bank, Radico Khaitan, Tata Power, SBI and V-Mart Retail

Read at mint Key Points

Markets reverse amid simmering West Asia tensions

30, Jan, 24

Fear gauge India Vix at 10 month high; Reliance drags indices

Read at mint Key Points

Reliance Industries becomes first Indian stock to cross Rs 20 lakh crore market cap

13, Feb, 24

Reliance Industries (RIL) becomes the first listed Indian entity to cross Rs 20 lakh crore market cap milestone. Analysts from Morgan Stanley, Jefferies, Sharekhan, and Citi have provided target prices and assessments of RIL's future prospects. RIL's market value has increased by Rs 1 lakh crore in the last two weeks alone.

Read at Economic Times Key Points

Day trading guide for stock market today: Six stocks to buy or sell on 26 December

26, Dec, 23

Day trading stocks: Market experts have recommended six stocks to buy today — Eichermot, Rhim, BharatForge, Ibulhsgfin, Patanjali Food and Lauras Lab

Read at mint Key Points